Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

Spain PM Sanchez keeps Calvino, other senior ministers in cabinet

News Room by News Room
November 22, 2023
Reading Time: 2 mins read
0
Wall Street brokerages raise China’s 2023 economic growth forecast

By Belén Carreño

MADRID (Reuters) – Spain’s Socialist Prime Minister Pedro Sanchez retained Nadia Calvino as his economy minister on Monday, revealing a largely unchanged new cabinet he said would be more adept at negotiating with parliamentary allies to pass key legislation.

Calvino, who is the frontrunner for the top job at the European Investment Bank scheduled to be announced at the end of the year, will also keep her position as first deputy prime minister, Sanchez said in a televised statement.

The 55-year-old, who served as a European Commission technocrat, is currently leading negotiations for a new package of fiscal rules in the eurozone as part of Spain’s presidency of the European Council.

Sanchez, who won a vote in parliament to clinch another term last week after months of negotiations, begins his new legislature with a cabinet in which most of the senior ministers retain their positions, an unusual move for a premier previously known for springing surprises in his reshuffles.

Energy Minister Teresa Ribera, Budget Minister Maria Jesus Montero, Foreign Minister Jose Manuel Albares and Labour Minister Yolanda Diaz, the head of far-left junior coalition partner Sumar, also kept their jobs.

“It’s a high-profile political team for a high-profile political legislature,” Sanchez said. “They are people capable of governing but also of reaching agreements.”

The coalition government with the hard-left platform Sumar has just 152 seats in the 350-seat parliament, so it will need to make agreements with regional parties to pass key legislation, such as a budget for 2024 and raising the minimum wage.

Given the anticipated difficulty of passing laws with a minority government, Budget Minister Maria Jesus Montero will be promoted to be one of four deputy prime ministers.

Cabinet Minister Felix Bolanos will take over the justice portfolio to implement the amnesty law that allowed the Socialists to secure another term. He will also be responsible for the relationship of the government with parliament.

Ana Redondo will replace Irene Montero of the far left Podemos party as equality minister while Podemos leader Ione Belarra has also been demoted.

Sanchez maintained his record cabinets of having more women (12) than men (10) as ministers. His four deputy prime ministers are all female.

In total, Sanchez added nine new faces to the 22-person cabinet.

Junior coalition partner Sumar got five portfolios, keeping its share of power within the cabinet.

Read the full article here

ShareTweetSendSend

Related Posts

Small businesses report record monthly surge in price increases as inflation pressure mounts
Economy

Small businesses report record monthly surge in price increases as inflation pressure mounts

December 25, 2025
GoFundMe increasingly being used to fundraise for basic economic needs like food, housing
Economy

GoFundMe increasingly being used to fundraise for basic economic needs like food, housing

December 24, 2025
Fed cuts interest rates for third straight time amid uncertainty over labor market, inflation
Economy

Fed cuts interest rates for third straight time amid uncertainty over labor market, inflation

December 23, 2025
Fed delivers third straight rate cut but 'dot plot' projects just one cut in 2026
Economy

Fed delivers third straight rate cut but 'dot plot' projects just one cut in 2026

December 22, 2025
Disney announces major OpenAI deal, includes $1B equity investment, use of characters on Sora video platform
Economy

Disney announces major OpenAI deal, includes $1B equity investment, use of characters on Sora video platform

December 21, 2025
‘This place will win’: Business leaders say West Palm Beach is becoming America’s next big boomtown
Economy

‘This place will win’: Business leaders say West Palm Beach is becoming America’s next big boomtown

December 20, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Mortgage rates fall ahead of Christmas holiday
  • Small businesses report record monthly surge in price increases as inflation pressure mounts
  • Treasury Department announces expanded HSA tax benefits under Trump law

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.